Advanced Petrochemical reported a sharp decline in profitability for the financial year ended March 31, 2026, as net profit after tax fell 90.30% to ₹2.93 lakh from ₹30.22 lakh in the previous year. Consolidated revenue also contracted by 5.74% to ₹47.45 crore, down from ₹50.34 crore in FY25.

The company has scheduled its 41st Annual General Meeting (AGM) for September 30, 2026, at its factory in Ahmedabad. Shareholders holding equity shares on the record date of September 23, 2026, will be eligible to vote. The Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026.

Financial Performance

The decline in profit was driven by lower revenue and higher finance costs, despite a reduction in raw material expenses. Total expenditure stood at ₹47.26 crore against total income of ₹47.45 crore. Other income dropped significantly to ₹8.90 lakh from ₹40.98 lakh in FY25, largely due to the absence of insurance claims received previously.

Balance Sheet and Working Capital

Total assets increased to ₹3,164.13 lakh from ₹2,530.50 lakh in the prior year, primarily due to a rise in current assets. Inventories surged to ₹933.50 lakh from ₹586.41 lakh, while trade receivables grew to ₹1,154.69 lakh from ₹967.23 lakh. This increase in working capital requirements was funded by higher borrowings. Short-term borrowings rose to ₹991.38 lakh from ₹653.19 lakh, while long-term borrowings slightly decreased to ₹423.37 lakh.

Corporate Governance and Board Changes

The Board of Directors approved the appointment of Mr. Priyank Dilipbhai Parikh as a Non-Executive Independent Director, effective August 11, 2026, subject to shareholder approval at the AGM. Mr. Akshat Shukla and Mr. Arvind Vishwanath Goenka resigned from their respective directorships on the same date. Mrs. Palak Tapas Relia was elevated to Chairman and Non-Executive Director.

The entire net profit of ₹2.93 lakh is proposed to be transferred to the Statement of Profit and Loss as surplus. No dividend was recommended for the year. The cut-off date for the dispatch of the Annual Report was August 28, 2026.

Advance Petrochemicals Limited reported a net profit of ₹203.95 crore for the quarter ended June 30, 2026 (Q1FY27), marking a substantial turnaround from the ₹1.18 crore net profit recorded in Q1FY26. The company's revenue from operations grew 98.69% year-on-year to ₹1,889.68 crore, up from ₹951.09 crore in the corresponding period of the previous fiscal year. This performance underscores improved operational efficiency and robust demand dynamics in the petrochemical sector.

The Board of Directors approved the standalone unaudited financial results on August 11, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by Suresh R. Shah & Associates, the statutory auditors, who issued an unqualified limited review report. In compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015, the results were subsequently published in the Western Times (English and Gujarati editions) dated August 12, 2026. Additionally, the Board approved the notice for the 41st Annual General Meeting, the draft Directors' Report for FY26, and the appointment of M/s Patawari & Associates as a Scrutinizer for remote e-voting.

Financial Performance Highlights

The following table summarises the key financial metrics for Q1FY27 compared to Q1FY26:

Revenue from operations nearly doubled compared to the previous year, while total expenses increased by 71.09% to ₹1,628.23 crore. The significant jump in profitability was largely driven by a reduction in inventory costs, with changes in inventories contributing a credit of ₹236.32 crore in Q1FY27, compared to ₹44.70 crore in Q1FY26. Finance costs rose to ₹46.09 crore from ₹27.29 crore in the prior year quarter. The company operates in a single segment — manufacturing of chemicals — and the results reflect performance for that segment alone.

Board Changes and Governance

The Board noted the resignation of Mr. Akshat Arunbhai Shukla as Non-Executive Independent Director due to the end of his term, effective August 11, 2026. Similarly, Mr. Arvind Vishwanath Goenka resigned as Non-Executive Director citing mutual exit and other project commitments. To fill the casual vacancy, the Board appointed Mr. Priyank Dilipbhai Parikh as an Additional Non-Executive Independent Director for a five-year term, subject to shareholder approval at the AGM. Mr. Parikh has over 25 years of experience in the chemicals industry.

The company also reconstituted its Audit, Stakeholders Relationship, and Nomination & Remuneration Committees. Mr. Priyank Dilipbhai Parikh and Mrs. Aanchal Arvind Goenka were inducted into these committees to replace the outgoing directors. M/s Tibrewal Bhagat & Associates was re-appointed as Internal Auditor for FY27.

What the Numbers Show

The dramatic surge in net profit is primarily attributable to favorable inventory movements rather than just top-line growth. While revenue nearly doubled, the credit from changes in inventories (₹236.32 crore) significantly boosted operating profit before tax to ₹263.95 crore. The full format of the unaudited financial results is available on the BSE website at www.bseindia.com and on the company's website at www.advancepetro.com .